A Brief Critique of the Rich Man's Philosophy
Hamilton Nolan · 05/02/12 11:15AM
The New York Times Magazine's cover story this week is about Edward Conard, a wealthy private equity titan and former business partner of Mitt Romney's, who has written a book arguing that income inequality is actually good for the middle and lower classes, because the promise of great wealth spurs more investing and risk-taking which eventually benefits all of society.